May 12, 2015
It’s the time of the year when many similar stories surface announcing that this year’s class of graduating students will hold the most debt on record. Almost identical articles were written last year, and they will likely be written again next year. Yes, the class of 2015 holds the unfortunate… Read More»
Tags: Arne Duncan, Corinthian Colleges, Department of Education, higher education, loan forgiveness, Navient, student debt, student loans
March 4, 2015
Last Friday, the Department of Education made a huge announcement that it’s cutting contracts with five private companies it had hired as debt collectors on defaulted student loans. For years, Jobs With Justice has worked closely with our allies, including the Student Labor Action Project, US Student Association, and the… Read More»
Tags: American Federation of Teachers, debtors, Department of Education, Navient, Pioneer Credit Recovery, Sallie Mae, Secretary Arne Duncan, student debt, Student Labor Action Project, student loan, Treasury Department, U.S. Treasury Department, Undersecretary Ted Mitchell, US Student Association
January 29, 2015
For the millions of Americans drowning in debt, non-payment is not an option, and student debt is the worst kind of debt to have. As Senator Elizabeth Warren once remarked, the powers of student-loan debt collectors “would make a mobster envious.” If you’re a company that holds student debt, on the… Read More»
Tags: default, Department of Education, Navient, Sallie Mae, student debt, student loan defaults